Revenue Update on North American Energy Partners (USA)(NYSE:NOA)

North American Energy Partners (USA)(NYSE:NOA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $47.273M. Analysts estimated a revenue of $53.630M. The revenues were -11.85% below the estimates. Earnings per share were $-0.02. The reported EPS was below estimates by -200%. Analysts had estimated an EPS of $0.02.

North American Energy Partners (USA) (NOA) made into the market gainers list on Wednesdays trading session with the shares advancing 3.74% or 0.2 points. Due to strong positive momentum, the stock ended at $5.55, which is also near the day’s high of $5.55. The stock began the session at $5.3 and the volume stood at 1,53,357 shares. The 52-week high of the shares is $5.7 and the 52 week low is $1.67. The company has a current market capitalization of $169 M and it has 3,05,18,907 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Asset Management Partner Polar (10% owner) sold 513,300 shares at $3.39 per share price.Also, On Mar 23, 2016, Capital Llc Cannell (10% owner) sold 721,096 shares at $1.97 per share price.

North American Energy Partners Inc. is a provider of a range of mining and heavy construction services to customers in the resource development and industrial construction sectors primarily within Western Canada. The Company’s core principle includes the Canadian oil sands where it is engaged in providing construction and operations support services through all-stages of an oil sands project’s lifecycle. The Company’s services are primarily engaged in supporting the construction and operation of surface mines particularly in the oil sands with a focus on site clearing and access road construction; site development and underground utility installation; construction and relocation of mine site infrastructure; stripping muskeg removal and overburden removal; heavy equipment and labor supply; material hauling and mine reclamation and tailings pond construction.

Add Comment